Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (16,813,163)us-gaap_NetIncomeLoss $ (15,527,246)us-gaap_NetIncomeLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 247,852us-gaap_DepreciationAndAmortization 210,633us-gaap_DepreciationAndAmortization
Stock-based compensation 1,248,454us-gaap_ShareBasedCompensation 888,295us-gaap_ShareBasedCompensation
Warrant liability 74,356us-gaap_IncreaseDecreaseInDerivativeLiabilities (43,290)us-gaap_IncreaseDecreaseInDerivativeLiabilities
Amortization of debt discount 133,197us-gaap_AmortizationOfDebtDiscountPremium 91,704us-gaap_AmortizationOfDebtDiscountPremium
Amortization of deferred financing costs 125,777us-gaap_AmortizationOfFinancingCosts 99,238us-gaap_AmortizationOfFinancingCosts
Payment-in-kind interest 176,245ADMA_PaymentinkindInterest 0ADMA_PaymentinkindInterest
Amortization of license revenue (75,556)ADMA_AmortizationOfLicenseRevenue (44,074)ADMA_AmortizationOfLicenseRevenue
Changes in operating assets and liabilities:    
Accounts receivable (383,961)us-gaap_IncreaseDecreaseInAccountsReceivable 39,112us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (39,704)us-gaap_IncreaseDecreaseInInventories (403,465)us-gaap_IncreaseDecreaseInInventories
Prepaid Expenses 155,144us-gaap_IncreaseDecreaseInPrepaidExpense (190,969)us-gaap_IncreaseDecreaseInPrepaidExpense
Other assets (14,586)us-gaap_IncreaseDecreaseInOtherOperatingAssets 593,051us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable (937,779)us-gaap_IncreaseDecreaseInAccountsPayable 1,608,980us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses 1,351,937us-gaap_IncreaseDecreaseInAccruedLiabilities 76,471us-gaap_IncreaseDecreaseInAccruedLiabilities
Accrued interest 69,067us-gaap_DebtInstrumentIncreaseAccruedInterest 36,597us-gaap_DebtInstrumentIncreaseAccruedInterest
Deferred revenue 0us-gaap_IncreaseDecreaseInDeferredRevenue 1,700,000us-gaap_IncreaseDecreaseInDeferredRevenue
Deferred rent liability (22,190)us-gaap_IncreaseDecreaseInDeferredLiabilities (22,191)us-gaap_IncreaseDecreaseInDeferredLiabilities
Net cash used in operating activities (14,704,910)us-gaap_NetCashProvidedByUsedInOperatingActivities (10,887,154)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (1,717,492)us-gaap_PaymentsToAcquireShortTermInvestments (2,935,184)us-gaap_PaymentsToAcquireShortTermInvestments
Purchase of property and equipment (2,323,251)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (196,635)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Net cash used in investing activities (4,040,743)us-gaap_NetCashProvidedByUsedInInvestingActivities (3,131,819)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from issuance of common stock 0us-gaap_ProceedsFromIssuanceOfCommonStock 27,030,820us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from Hercules note payable, net of fees 9,850,000us-gaap_ProceedsFromNotesPayable 1,000,000us-gaap_ProceedsFromNotesPayable
Debt issuance costs (30,140)us-gaap_DebtIssuanceCosts 0us-gaap_DebtIssuanceCosts
Equity issuance costs (12,000)us-gaap_PaymentsOfStockIssuanceCosts (386,473)us-gaap_PaymentsOfStockIssuanceCosts
Payments of leasehold improvement loan (12,654)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations (11,569)us-gaap_RepaymentsOfDebtAndCapitalLeaseObligations
Net cash provided by financing activities 9,795,206us-gaap_NetCashProvidedByUsedInFinancingActivities 27,632,778us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (8,950,447)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 13,613,805us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 26,149,477us-gaap_CashAndCashEquivalentsAtCarryingValue 12,535,672us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS - END OF YEAR 17,199,030us-gaap_CashAndCashEquivalentsAtCarryingValue 26,149,477us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL INFORMATION:    
Cash paid for interest 785,527us-gaap_InterestPaid 382,736us-gaap_InterestPaid
Supplemental Disclosure of Noncash Financing Activities:    
Reclassification of equity issuance costs to additional paid-in capital 0us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts 428,311us-gaap_AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
Warrants issued in connection with note payable 402,404ADMA_WarrantsIssuedInConnectionWithNotePayable 0ADMA_WarrantsIssuedInConnectionWithNotePayable
Accrued equity issuance costs 55,640ADMA_AccruedEquityIssuanceCosts 41,838ADMA_AccruedEquityIssuanceCosts
End of term liability for Hercules note payable 0ADMA_EndOfTermLiabilityForNotePayable 26,500ADMA_EndOfTermLiabilityForNotePayable
Elimination of warrant liability $ 0ADMA_EliminationOfWarrantLiability $ 186,055ADMA_EliminationOfWarrantLiability